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PennyMac Mortgage (PMT)
NYSE:PMT
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.38Last Year’s EPS
0.39Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 8.61%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call presents a generally positive outlook for PMT, emphasizing strong fourth quarter performance, consistent dividends, and successful securitization efforts despite challenges in loan acquisition and losses on certain investments.Company Guidance
During the fourth quarter and full year 2024 earnings call for PennyMac Mortgage Investment Trust (PMT), the company reported a strong financial performance, highlighted by a 10% return on equity in the fourth quarter. PMT achieved a net income of $36 million for common shareholders, translating to diluted earnings per share of $0.41, and declared a dividend of $0.40 per share. The book value per share increased to $15.87 by year-end. For the full year, PMT realized a return on common equity of 8% with $119 million in net income attributable to common shareholders. The company successfully navigated significant interest rate volatility, with the 10-year Treasury yield ranging from 3.6% to 4.7%, by actively hedging mortgage servicing rights. PMT's strategic initiatives included the opportunistic sale of certain investments, a major rebalance of its Agency MBS portfolio, and the issuance of $1.3 billion in term debt. The firm also renewed its mortgage banking agreement with PFSI. Looking forward, PMT anticipates robust investment opportunities in private label securitizations, particularly for investor loans, with return on equity for these investments expected to be in the low to mid-teens.Strong Fourth Quarter Performance
PMT produced a 10% return on equity in Q4, with $36 million net income to common shareholders and $0.41 diluted earnings per share. Book value per share increased to $15.87.
Dividend Consistency
PMT declared a fourth quarter common dividend of $0.40 per share, maintaining consistency despite interest rate volatility.
Successful Securitization Efforts
Completed two securitizations of agency-eligible investor loans in Q4, and a third after quarter-end, retaining $73 million of new investments in credit subordinate bonds.
Low Delinquency Rates
Delinquency rates for borrowers underlying PMT's MSR portfolio remained low, supporting asset performance.
Strategic Repositioning
Repositioned balance sheet for higher interest rate environment, with the issuance of $1.3 billion in term debt and opportunistic sale of certain investments.
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PMT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PMT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $12.89 | $13.60 | +5.51% |
| Oct 22, 2024 | $13.25 | $13.10 | -1.13% |
| Jul 23, 2024 | $13.63 | $12.55 | -7.92% |
| Apr 24, 2024 | $12.57 | $12.96 | +3.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does PennyMac Mortgage (PMT) report earnings?
PennyMac Mortgage (PMT) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is PennyMac Mortgage (PMT) earnings time?
PennyMac Mortgage (PMT) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PMT EPS forecast?
PMT EPS forecast for the fiscal quarter 2025 (Q1) is 0.38.
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